A and B are partners sharing profits in the ratio of 5:3. Z is admitted as a partner. A surrender 1/4th of his share and B surrenders 1/5th of his share in favour of C, a new partner. What is the sacrificing ratio?
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Explanation:
A and B
5 : 3
surrender by A and B
1/4 1/5
A B
5/8×1/4 3/8×1/5
5/32 3/40
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